A heat pump water heater costs about $1,200 to $3,500 for the unit and uses a third to a quarter of the electricity of a standard electric tank. When it pays off, what to check before buying, and how it compares with gas.
Costs & Prices
What heating and cooling equipment costs to buy, install and run in the US.
The federal 25C heat pump tax credit ended on December 31, 2025. What that means for 2026 installs, and the utility, state and manufacturer incentives you can still claim.
A single-zone ductless mini split costs about $2,500 to $6,000 installed; a whole-house multi-zone system $6,500 to $20,000. How that compares with central air, and which to choose.
A heat pump beats a gas furnace on running cost when your gas-to-electricity price ratio is low enough. Here is the break-even math, the pros and cons of each, and when dual fuel makes sense.
Replacing central air costs about $5,000 to $10,500 in 2026, or $9,000 to $16,000 with new ductwork. Prices by tonnage and efficiency, plus when to choose a heat pump instead.
A new furnace costs about $1,600 to $10,000 installed in 2026, with most gas furnaces between $3,800 and $10,000. Prices by fuel, efficiency and size, and when a heat pump makes more sense.
A whole-house air-source heat pump costs about $10,000 to $25,000 installed in 2026. Here is what drives the price, what each size costs, and how to check a quote.